Mr. Obama is planning to outline the $100 billion proposal on Wednesday
in a speech in Cleveland on the economy...The research credit, which has existed in some form since 1981, has
strong bipartisan and business support. Yet the prospects for Mr.
Obama’s proposal are unclear. Congress returns from a break in
mid-September but will be in session only a few weeks before leaving
for midterm election campaigning. Also, Republicans do not want to give
Democrats boasting rights to legislative victories, even for a proposal
like this one, which Republicans have long espoused.

Oregon is home to Intel's primary research campus, at Ronler Acres in Hillsboro. So this region has a particular interest in maintaining a domestic focus for the chipmaker's research (though it's arguable whether Intel could easily move that work overseas, with or without the R&D credit, given the concentration of research personnel here.)

Obama's decision comes shortly after Intel CEO Otellini excoriated Democrats and their economic agenda, declaring last month "I think this group does not understand what it takes to create jobs. And I think they're flummoxed by their experiment in Keynesian economics not working."